Projections Used In An Auction Process
Bullish financial projections do not attract a higher price for a business. In fact, they speak to lack of credibility of the vendor and their advisers and potentially damage the functioning of the auction.
Bullish financial projections do not attract a higher price for a business. In fact, they speak to lack of credibility of the vendor and their advisers and potentially damage the functioning of the auction.
A recent Supreme Court of Canada decision on the tax treatment of assumed future obligations has great relevancy to mining and other resource transactions.
Researching a reporting difference between IFRS and US GAAP, I found this handy publication by E&Y.
A link to the just released Just Energy 2013 Results
Informally restructuring a balance sheet is not about a series of individual negotiations. The real work is to establish guiding principles and to convince creditors the process is being rationally and fairly handled. If successful, the proposal itself is just math.